Chhatrala Group in even deeper trouble

Woes at San Diego real estate firm Chhatrala Group have multiplied since the Reader reported on its financial problems January 6.

In Michigan, Kent County treasurer Ken Parrish said on February 13 that the company could face foreclosure on its Crowne Plaza Hotel March 31.

Chhatrala is already facing a $290,000 lawsuit from the county for unpaid lodging taxes, according to local media. The county has filed for a default judgment. According to the local press, Crown Plaza is once again not paying employees.

In Dade County, Florida, a monitor has taken over OM Global Investment Fund, which loaned Chhatrala $930,000. Chhatrala has been declared in default by the circuit court for $992,087.90 in damages.